Dual citizenship Grenada | The second passport Grenada from the company Multitravel

Grenada

About Grenada

Grenada is an island country, consisting of itself and six smaller islands at the southern end of the Grenadines in the south eastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines.

Grenada, known as the ‘Spice Isle’, an exporter of cinnamon, cloves, ginger, coco, nutmeg, and fruit, is one of the most beautiful and lush islands in the West Indies. Unspoilt and exotic, Grenada’s dramatic scenery, tropical rain forests, waterfalls and golden beaches will appeal to visitors from around the world.

Grenada is a member of the United Nations, the British Commonwealth, Caricom and the Organisation of American States (OAS) among many other international organisations. Holders of the Grenada passport enjoy visa free travel to approximately 135 countries, including the U.K., and the countries of the Schengen area, China, Hong Kong, Singapore and most of South America. Grenada further enjoys an E2 investor treaty with the United States allowing for application of E2 visas for qualified citizens.

FAST FACTS

Population

Nearly 110,000.

Major languages

English (official), French patois (local).

History

Grenada was traditionally inhabited by Carib Indians who migrated from the South American mainland. The island was originally known as Camerhougue, but Christopher Columbus renamed it ‘Concepción Island’ when he visited it in 1498. Successive Spanish sailors found it to be so evocative of Andalucía’s green mountain scenery that they named it after the city of Granada.

Climate

Tropical, with average temperature of 24ºC (75ºF). Grenada’s proximity to the Equator ensures a year-round tropical climate, with average temperatures ranging between 23 and 28 °C. Its cooling trade winds offer very comfortable conditions

Official name: Grenada

Geography: The nation of Grenada, measuring 344 km2, is composed of three key islands: Grenada and its sister islands Carriacou and Petite Martinique. Each is beautiful and rich in culture, historic sites, fresh culinary delights, and much more. Carriacou is only a 90-minute boat ride from St. George’s.

Dependencies: Carriacou and Petite Martinique.

Total Land Area, including all three islands: 344 km2 (133 sq. miles) with 121 km of coastline.

Capital: St George’s.

Nationality: Grenadian.

Major religion: Christianity.

Culture: Grenada was traditionally inhabited by Carib Indians who migrated from the South American mainland. The island was originally known as Camerhougue, but Christopher Columbus renamed it ‘Concepción Island’ when he visited it in 1498. Successive Spanish sailors found it to be so evocative of Andalucía’s green mountain scenery that they named it after the city of Granada.

Life expectancy: 67 years (men), 70 years (women) (UN).

Time zone

EST+ 1 (GMT – 4:00).

GNI per capita

USD 4,670 (World Bank, 2007).

Airport

Maurice Bishop International Airport (GND, is located only seven miles south of the nation’s capital. The airport can be directly accessed from USA, Canada, Europe as well as other major airports.

Location

This tropical Island is at the southern end of the Caribbean and the beautiful Grenadine Islands. Southwest of Barbados at 12 07 North and 61 40 West Grenada is Outside the Hurricane Belt

Economy

No foreign income, wealth, gift, inheritance, or capital gains taxes.

In the last twenty years, Grenada’s economy has shifted from agriculture to the provision of services. Its largest exports include nutmeg, of which Grenada is the world’s second-largest producer, cocoa beans, fish, and wheat flours. Core export destinations include the United States, Switzerland, Germany, the Netherlands, and Canada. Other spices produced for export include mace, cloves, and cinnamon. Exported fruits and vegetables include bananas and citrus fruits.

Grenada’s tourism sector is greatly expanding, with the island continuing to take more and more shares of the market for Caribbean tourism. Much of this expansion is due to foreign direct investment, as foreign businesspersons choose to invest in Grenada’s growing popularity with visitors and leisure travelers. The nation relies heavily on tourism to earn foreign currency.

Current labour force: 40% of population.

International dialling code: +1 473.

Internet domain: .gd.

Airport: Maurice Bishop International Airport (GND, is located only seven miles south of the nation’s capital. The airport can be directly accessed from USA, Canada, Europe as well as other major airports.

Government: Constitutional monarchy.

Grenada was a French and British colony, but gained independence from the United Kingdom on February 7, 1974. The government is Constitutional monarchy, led the Prime Minister.

Member of the Commonwealth of Nations, the Organization of American States (OAS), the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS) and Permanent member of the United Nations.

Head of State: the head of state is still the British monarch Queen Elizabeth II, represented on the island by a Governor General.

Ruling Party: New National Party (NNP).

Elections: Last elections on 19 February 2013, next elections by 2018.

Suffrage: Universal at 18.

National Holiday: 7 February (1974, Independence Day).

Constitution: December 19, 1975.

Distinctions

Grenada’s population is highly educated and has a very high literacy rate. St George’s University hosts 6,000 students from over 140 countries, offers faculties of Medicine and Veterinary Science, and has been operating for thirty-five years. In addition, a full medical teaching hospital will be developed in the near future.

Large-scale tourism is a recent phenomenon, and Grenada is largely undiscovered, unspoiled and full of opportunity.

Program Info and Investment Options

The Citizenship by Investment Act has existed since the mid-1990’s when the country first started an Economic Citizenship Program. The Program was however suspended in 2001. It was resurrected in 2013 when the legislation was recently amended by the Parliament with the passing of the Citizenship by Investment Act (Act No. 15 of 2013) to reflect a clearer focus on citizenship by investment. The stated objective of the Act is to enable persons to acquire permanent residence and citizenship of Grenada by registration following investment in Grenada.

The local public authority responsible for processing all applications under the Program for Citizenship by Investment by applicants and their family is the Citizenship by Investment Committee (CBIC), which was established by the Honorable Prime Minister of Grenada.

The mission of the Citizenship by Investment Program is to strengthen Grenada by creating economic growth through inward investment, leading to the creation of sustainable new employment opportunities for Grenadians, training of the workforce and the broadening of skills; while preserving the prestige, honor and value of Grenadian citizenship through a strict invitation and vetting process.

Presently, there are two options available to qualify for Citizenship by Investment:

Either through a contribution to the National Transformation Fund (N.T.F.).

By acquiring government-approved real estate.

Both options offer lifetime citizenship, which can also be passed on to descendants, as well as access to extensive visa-free travel.

Option 1. Contribution to National Transformation Fund

The National Transformation Fund was established in 2013 as a means of developing Grenada’s economy to be more prosperous and independent. The Fund finances various projects in Grenada for the benefit of its various industries, including tourism, agriculture, and alternative energy.

To take part in the Program the Applicant shall donate the Government theough National Transformation Fund. Please see below the contribution and other fees amount:

US$ 5,000 per person aged 18 years old and over, US$ 2,000 for each dependant aged between 12-17 years old

Processing Fee

US$ 1,500

US$ 1,500 per person

US$ 1,500 per person aged 18 and over, US$ 500 for persons under 18 years old

Option 2. Real estate investment

The Government approves properties available under the program. The investor will need to own the property for at least three years. Once the real estate project is approved, it becomes eligible for the qualifying investments from applicants of the Citizenship Investment Program.The required minimum investment is US$ 350,000. Depending on the project, investors may purchase either full title or other investment options such as shares.

US$ 5,000 per person aged 18 years old and over, US$ 2,000 for each dependant aged between 12-17 years old

Processing Fee

US$ 1,500

US$ 1,500 per person

US$ 1,500 per person aged 18 years old and over, US$ 500 for persons under 18 years old

REQUIREMENTS

The Applicant Must:

Be at least 18 years old.

Satisfy a minimum qualifying investment in one of the following categories:

The Grenada National Transformation Fund.

An approved Real Estate development.

Provide details and evidence of the proposed qualifying investment.

Pass a diligence background check along with their qualifying dependents over the age of 18 years old.

Provide full disclosure on all matters pertaining to the application.

Pay the requisite non-refundable processing, due diligence and administrative fees upon application.

The Applicant may be disqualified if:

Have been convicted of a criminal offence except a minor traffic offence.

Have been declared bankrupt by a court.

Have been declared, by a court or qualified health practitioner to be mentally incapacitated.

provides false information.

Has been convicted of a criminal offence except where the offence is a minor traffic offence.

Is the subject of a criminal investigation.

Is considered to be a potential national security risk.

Is involved in any activity likely to cause disrepute to Grenada.

Has been denied a visa to a country with which Grenada has visa-free travel and has not subsequently obtained a visa to that country.

Primary applicants can also include:

Spouse

Children under 18 years old.

Dependents between the 18 to 30 years old, if this dependent is a full-time student attending a recognized college or university and financially dependent on the main applicant.

Parents and grandparents of the main applicant of any age, can also be included in the application once they are living with and financially dependent on the main applicant.

Newborn children can obtain citizenship following the certain requirements.

LIST OF DOCUMENTS REQUIRED

A. APPLICATION PACKAGE FORMS

Annex 1 – Registration of Electronic Signature.

Annex 2 – Family Members.

Annex 3 – Application Form.

Annex 3 Supplement – Particulars related to applicants.

Annex 4 – Privacy and Information Release Form.

Annex 5 – Criminal Record Verification Form.

Annex 6 – Birth or Adoption Records.

Annex 7 – Verification of Support of Dependants over the age of 11.

Annex 8 – Medical Health Certification.

Annex 9 – Statement of Source of Funds.

Education History / Employment History.

Application Checklist – Schedule II Form 1.

Know Your Client Form.

Application for a Grenadian Passport Form.

B. APPLICANT`S DOCUMENTS

Ten (10) current passport size photographs in colour per applicant. Passport pictures MUST be in colour. Applicant’s ears MUST be visible and the forehead and hair must NOT be covered. Pictures must be recent.

Color copy of ALL passports possessed (fi rst 3 and last 3 pages of each).

Color copy of ALL current national identity cards.

Certified copy of marriage and divorce certificates (if applicable).

Original professional reference:

It MUST be current and in any case not older than six (6) months.

It MUST appear on the official letter head of the professional, bank or firm.

It is to be addressed to CHIEF EXECUTIVE OFFICER, GRENADA CITIZENSHIP BY INVESTMENT, P. O. BOX 298, BURNS POINT, THE CARENAGE, ST. GEORGE'S, GRENADA, W. I.

Original Bank Reference (same requirements explained for professional reference apply).

Resume or CV – To go along with the Education History and Employment History. Applicants must disclose all business affiliations.

Affidavits (as Supplement to Annex 7):

In support of each dependent over the age of 18 except the spouse; and/or ii. In support of Dependent-Parent or Dependent-Child, as applicable.

Certified college or university transcripts for children at least 18 years and less than 26 years (if applicable).

Police Certificates must be provided for all applicants and family members except in the case of dependents who are under the age of sixteen (16);

Police certificates must be less than 6 months old.

Original or certified Birth Certificate or Adoption Records (Annex 6):

MUST submit documents to support any change of name.

Affidavit of Support of Dependent-Children – Annex 7 Supplement.

Medical Health Certification (Annex 8):

Submit HIV test results.

Statement of Source of Funds (Annex 9):

Proof of source is required. This may include bank statements, pay slips, job letters, company certificates and incorporation documents to support business activities from which source is generated, business assets, real estate holdings or proof of dispositions of same etc. Please ensure that these documents are originals or certified copies certified.

Proof of Address – Original document proving applicant’s residential address, such as utility bill, bank statement, or written confirmation from a bank, an attorney, a chartered accountant or notary public confirming applicant’s address.

NOTE: The list is not exhaustive and other documents may have to be provided by the applicants, depending on their particular situation. These documents may include company incorporation and good standing certifications, ownership or title documents in support of SOF explanations, or any other type of document in support of the applicant's statements made on the application forms.

C. OTHER DOCUMENTS

Professional Services Agreement to be executed by the client and Multitravel.

Power of Attorney granted by the Investor in favour of Multitravel (wording provided by Multitravel).

STEP-BY-STEP PROCEDURES

STEP 1. The investor prepares all requested documents, fills in all application forms, signs the Multitravel agreement and transfers all funds to the Multitravel escrow account.

STEP 2. The application is submitted to the Citizenship by Investment committee with the proof of funds transferred.

STEP 3. The due diligence process starts and usually takes 60 days.

STEP 4. Once due diligence checks are completed approval from the CBI committee is received.

STEP 5. The CBI committee procures the Certificate of Citizenship and a passport and passes those to the local agent.

STEP 6. The documents are issued and sent to the investor via a reputable courier service.

REAL ESTATE OPTION

STEP 1. The Investor enters into Real Estate Purchase Agreement with the approved real estate development and signs the Multitravel agreement.

STEP 2. The investor transfers full investment amount and associated fees to an escrow account controlled by an on-island attorney.

STEP 3. The applications and required documents are submitted.

STEP 4. Government approval received, followed by the issue of CBI naturalization certificate.

STEP 5. Passport application submitted and passport distributed.

Why Grenada

The biggest advantage of the program is that the holder of Grenada passport is entitled to travel visa-free in more than 135 countries. In Grenada, there are no income or inheritance taxes. The applicant who received citizenship by investment is entitled to apply for American E2 Visa. This type of visa entitles individuals to work in the USA based on investment. This type of visa is not allowed for many countries.

3-6 months to complete.

No need to visit or reside in the country to apply.

Grenada is the only Caribbean country with a citizenship program which has visa-free access to China and which holds an E-2 Investor Visa treaty with the US.

124 countries visa-free or on arrival including key business hubs such as the UK, EU Schengen member states, Hong Kong and Singapore.

Grenada citizens enjoy visa-free access to China.

Spouse, dependent children up to 30 years can be included in the same application.

Member of the Commonwealth of Nations and United Nations.

English-speaking population and a legal system based on English Common Law.

No tax on global income for non-residents.

Most nationalities can apply.

Dual citizenship allowed.

Grenada gives you a passport to freedom while allowing you to enjoy your life in your current country of residence.

FAQ

1) Is the Citizenship by investment Act part of Grenadian Legislation?

A: The Citizenship By Investment Act is part of the Grenadian legislation. The Grenada Citizenship by Investment Act 15, 201

2) Is this legislation documented?

A: The legislation is documented and is part of the laws of Grenada having been passed by Parliament.

3) As a Grenadian Citizen, Where can I travel without a Visa?

A: Grenadian citizens can travel without visa restrictions to many international and Commonwealth countries. There is also an agreement (subject to ratification) with the European Union, which will enable Grenadian’s free travel through the E.U. In total, there will be approximately 135 countries that Grenadian’s can visit without a visa.

4) Are there any other benefits as a citizen of Grenada?

A: Grenada is part of the Commonwealth and therefore is part of a grouping, which is committed to the highest standards of law and justice, human and social rights and other internationally accepted practices. Grenadians can travel without restrictions throughout the Commonwealth.

5) How does Grenadian Citizenship help my Child’s Education?

A: Grenada is home to the best United States offshore University, St. George’s University. It is one of the best medical, veterinary and arts & sciences schools and graduates are trained in some of the best hospitals in the USA and UK. It is internationally accredited and currently has 6,500 students from over 142 countries.

6) What documents do I need to prepare?

A : These are all listed in the application pack.

7) As a Citizen of Grenada, do I have to live in Grenada?

A : No you do not but you are welcome to do so.

8) Do I need to renounce my current passport to receive Grenadian Citizenship?

A : Under Grenadian law you do not need to renounce any other citizenship.

9) When do I receive the passport?

A : Your application for Citizenship By Investment will be approved within 60 days of submission (subject to a satisfactory due diligence and the deposit of the escrow funds being received) and your passport applied for, and issued thereafter.

10) Do I need to visit Grenada as part of the Passport application?

A : You do not need to visit Grenada during application process.

11) Does Citizenship extend to my spouse and children?

A : Yes, citizenship is extended to your wife, dependent children and dependent parents. Fees for family members are provided with the application form.

12) How many years is the Passport valid?

A : All Grenadian and C.E.C passports are valid for five years.

13) How do I renew my passport when it expires?

A : It can be renewed through the Grenadian consulate in London or directly through the Grenada passport and Immigration office.

14) How can I be sure that my passport will be renewed upon expiry?

A : As part of the laws of Grenada citizens are entitled to a passport and cannot be denied.

15) Does Grenada accept persons from all parts of the world.

A : Every person from all parts of the world is welcomed if they do not have a criminal record.

16) Do I need an address in Grenada if I renew my passport?

A : No – you would just give the address of your principal residence.

17) What is the process for Citizenship by Investment?

A : An application must be completed and submitted with the required documentation and the investment funds transferred to the escrow account.

18) If I sell my investment do I need to renounce Citizenship?

A: No, the citizenship is yours for life.

19) What criteria will be used to issue a passport?

A: The passport can be delivered to your attorney in Grenada who can then courier it to you. There is no need to visit Grenada to collect it.

20) May I apply for citizenship with my family?

Yes, you may apply for citizenship with your wife or husband, dependent children, and dependent parents. Fees for family members vary according to the number of family members included in a citizenship application.

21) Do I need to visit Grenada as part of the citizenship application process?

No, you do not need to visit Grenada before, during, or after the application process.

22) Must I renounce my current citizenship and passport to receive Grenadian Citizenship?

No, Grenada allows dual citizenship, and you thus do not need to renounce any other citizenship or passport.

23) When will I receive Grenadian citizenship following an application through the Citizenship by Investment Programme?

Your application for Citizenship by Investment will be approved within 60 business days of submission (subject to a satisfactory due diligence check and the funds being received). You may apply for a passport shortly after. Passports are issued within days of the request.

24) How do I renew my passport once it expires?

Grenadian passports can be renewed in the Grenadian Consulate in London, or directly through the Grenadian Passport and Immigration Office.

25) How can I be sure that my passport will be renewed upon expiry?

Under Grenadian law, citizens are entitled to a passport. This means that citizens cannot be denied a passport and thus that your passport will be renewed.

26) How does Grenadian citizenship help my child’s education?

Grenada is home to the best United States offshore university – St George’s University. It is one of the finest medical, veterinary, and arts and sciences schools, and graduates train in some of the top hospitals in the United States and the United Kingdom. It is internationally accredited and currently has 6,000 students for over 140 countries.

27) What is the Commonwealth of Nations?

The Commonwealth of Nations, often referred to as the Commonwealth, and formerly known as the British Commonwealth, is an intergovernmental organisation of 54 independent member states. Queen Elisabeth II, the current Queen of the United Kingdom, is the titular head of the Commonwealth of Nations.

28) How does Grenada being a part of the Commonwealth of Nations help me?

Being a citizen of a member of the Commonwealth of Nations brings several benefits. For example, you will be able to travel easily across member states, you will be protected by the embassies and commissions of other member states across the globe, and you will be eligible for certain sporting activities (the Commonwealth Games).

29) How is Grenada’s economic outlook?

Grenada’s economy is expanding in the tourism, agriculture, and manufacturing sectors. As part of the Easter Caribbean Central Bank and currency system, its currency is stable, secure, and tied to the United States dollar. Business can also be conducted in United States dollars. There are no taxes on the repatriation of profit.

Multitravel Consultants, Inc

Multitravel Consultants, Inc (MTC) is program Official Promoter of the official Economic Citizenship Program of the Saint Lucia. The staff of MTC has many years experience in running Citizenship by Investment and Economic Citizenship programs, having previously worked on similar programs in the Caribbean, Europe and Africa. They have worked with the government of the Comoros to design the perfect program from the foundation upward, cutting out unnecessary bureaucracy whilst at the same time ensuring the robust due diligence process that is necessary to maintain the program's impeccable reputation.

Our legal team speaks English, Russian, French, Italian and Spanish. Feel free to contact us today for more information or to arrange a meeting.